The NIFTY opened at 18362.90 with a gap up of 48 points. The index continued moving higher but soon faced strong resistance around the 18400-18450 zones. Prices have formed a trading range, recorded its intraday high at 18419.75, and spent the whole afternoon within a range of just 30 points between 18390-18420.The range broke on the downside and prices have seen a sharp fall in the late hour of trading. The index recorded its intraday low at 18324.20 and finally closed at 18348 with a gain of 33.60 points or 0.18% up. METAL outperformed today and gained more than 2% followed by MEDIA, OIL GAS, and AUTO IT underperformed today and closed lower by 0.46% followed by REALTY. The short-term trend is sideways and prices have found resistance around 18400-18450 zones. Support is visible around 18000-18050 zones. We should now wait for a dip or a close above 18450 to take fresh long trades.


The BANK NIFTY opened at 43978.90 with a gap up of 156 points Prices have initially consolidated and then moved up. However, the rally found strong resistance around 44100 and prices moved sideways. The index recorded its intraday high at 44095.25 and saw a sharp decline in the last hour of trading. The index recorded its intraday low at 43852.20 and finally closed at 43873.85 with a gain of 51 points. PSU and PVT BANK both indices have moved almost the same today, saw a mild up move, and closed higher by 0.41% &0.22% respectively. Within the index, in terms of points, INDUSIND BANK contributed the highest on the upside while HDFC BANK contributed the lowest. The short-term trend is sideways now since the index is moving range bound for the past two weeks. Look to buy on a dip at or below 43400 or buy on a breakout above 44150.


ASTRAL 1713.20 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1722.65 with a stop loss of 1705.40 and a target of 1765.50.
HAVELLS 1249.75 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 1249.75 with a stop loss of 1246.20 and a target of 1222.90.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
HINDPETRO.23.05 May 263.4 3.13 1.54 13356900 BEL.23.05 May 107.75 -2.58 14.5 69585600
CROMPTON.23.05 May 266.1 2.35 3.5 9627000 APOLLOHOSP.23.05 May 4550.35 -1.31 10.44 1306875
CONCOR.23.05 May 660.8 2.35 4.42 4489000 TITAN.23.05 May 2687 -1.22 0.06 3575250
IOC.23.05 May 88.8 2.07 4.47 49637250 GRASIM.23.05 May 1696.2 -1.19 3.36 3570100
ASTRAL.23.05 May 1711.15 1.84 1.16 898783 ICICIGI.23.05 May 1083.6 -1.15 15.32 4630375
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ADANIENT.23.05 May 2636 13 -4.12 5976500 LTIM.23.05 May 4860.6 -2.72 -18.56 812250
DELTACORP.23.05 May 234.55 5.34 -13.49 14235200 DLF.23.05 May 466.5 -2.38 -8.39 25063500
MCX.23.05 May 1389.05 4.79 -26.25 947200 PERSISTENT.23.05 May 4936.25 -2.33 -20.64 677775
BANDHANBNK.23.05 May 253.4 4.39 -3.52 29692800 BALRAMCHIN.23.05 May 386.4 -2.13 -27.3 4496000
DIVISLAB.23.05 May 3381 3.7 -15.85 1967700 BSOFT.23.05 May 333.9 -2 -7.29 5850000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
United Breweries Limited 1410.65 0.71 270817 293747 71.8 Nifty50 18348 0.18 77526
Dabur India Ltd. 525.75 0.67 1500934 907172 69.5 Niftybank 43954.45 0.16 77526
Federal Bank Ltd. 125.65 -0.44 6772781 10844451 68.06 Nifty it 28873.7 -0.46 77526
Itc Ltd. 429.15 1.04 8732608 10263170 66.55 India Vix 12.61 0.28 77526
Godrej Cons Products Ltd 1015.7 -0.12 732920 401535 65.74 Nifty Fmcg 49118.8 0.14 77526
Hcl Technologies Ltd. 1107.35 -1.12 2138096 1194094 64.03 Nifty Pharma 12314.2 0.57 77526
Alkem 3257.9 0.17 373559 167834 63.78 Nifty Realty 461.6 -0.08 77526
Nestleind 21403.7 -0.42 55459 32526 63.66 Nifty Auto 13982.6 0.66 77526
Crompton Greaves Consume 266.1 2.48 9950214 11518776 63.22 Nifty Metal 5947.7 2.59 77526
Petronet Lng Limited 224.9 -0.51 1125927 536815 62.76 Nifty Financial Services 19397.8 0.06 77526


   Domestic                                                                                                                                                  International
INR: Federal Fiscal Deficit (Mar) on 31st May, 2023

INR: GDP Quarterly (YoY) (Q4) on 31st May, 2023

 USD: GDP (QoQ) (Q1) on 25th May, 2023

USD: Pending Home Sales (MoM) (Apr) on 25th May, 2023


  • Benchmark indices ended on a flat note in the volatile session on May 23. At close, the Sensex was up 18.11 points or 0.03percentat 61,981.79, and the Nifty was up 33.60 points or 0.18percentat 18,348.00. About 1,716 shares advanced, 1,686 shares declined, and 110 shares were unchanged.

  • Infosys on May 23 unveiled Topaz, a new offering that combines data analytics, artificial intelligence, and generative AI, signifying the growing importance of this fast-evolving technology.

  • Adani Ports recoups all stock losses since Hindenburg attack. The ports business houses some of billionaire Gautam Adani’s most lucrative assets and is touted by market watchers as the group’s crown jewel.

  • Confident of turning PAT positive next year, says PB Fintech’s Yashish Dahiya. Policybazaar sees Rs 47 crore of premiums in March from high-value life insurance policies as income from such schemes will get taxed from the current financial year.

Source: Economic Times,  Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
63MOONS Audited Results;Final Dividend 24-May-23 BORORENEW Audited Results;General 24-May-23
7NR Audited Results 24-May-23 BRIGADE Audited Results;Final Dividend 24-May-23
ABAN Audited Results;Quarterly Results 24-May-23 BRIGHTBR Audited Results;Final Dividend;Quarterly Results 24-May-23
ADANIGREEN Preferential Issue of shares 24-May-23 CHEMOPH Audited Results;General 24-May-23
ADHBHUTIN Audited Results;General;Quarterly Results 24-May-23 CHORDIA Audited Results;Quarterly Results 24-May-23
ADROITINFO Audited Results 24-May-23 COSMOFE Audited Results 24-May-23
ADVMULT Audited Results 24-May-23 CUMMINSIND Audited Results;Final Dividend;General 24-May-23
ADVPETR-B Audited Results 24-May-23 DARJEELING Audited Results;Quarterly Results 24-May-23
AGIOPAPER Preferential Issue of shares 24-May-23 DEEPAKSP Audited Results;Final Dividend 24-May-23
AJCON Audited Results;Quarterly Results 24-May-23 DEVHARI Audited Results;Quarterly Results 24-May-23
AML Audited Results;General 24-May-23 DEVINE Audited Results 24-May-23
APTECHT Audited Results;Dividend 24-May-23 DIGIFIBRE Audited Results 24-May-23
ARSSINFRA Audited Results 24-May-23 DVL Audited Results;Final Dividend 24-May-23
ASHOKA Audited Results 24-May-23 EDSL Quarterly Results 24-May-23
ASIANENE Audited Results 24-May-23 ELECTHERM Audited Results 24-May-23
ASIANTILES Audited Results;Final Dividend 24-May-23 FABINO Audited Results;General 24-May-23
ATLASCYCLE Audited Results;Final Dividend;Quarterly Results 24-May-23 FINEORG Audited Results;Final Dividend 24-May-23
AVANTI Audited Results;Dividend 24-May-23 FREDUN Audited Results;Final Dividend 24-May-23
AVEER Audited Results;Quarterly Results 24-May-23 GCKL Audited Results 24-May-23
AWHCL Audited Results 24-May-23 GLANCE Audited Results;General 24-May-23
BANARISUG Audited Results;Dividend 24-May-23 GLITTEKG Audited Results 24-May-23
BAPACK Audited Results;Final Dividend 24-May-23 GOLDCOINHF Audited Results 24-May-23
BAYERCROP Audited Results;Final Dividend 24-May-23 GPPL Audited Results;Final Dividend;General 24-May-23
BHARAT Audited Results;Final Dividend 24-May-23 GRMOVER Audited Results 24-May-23
BIGBLOC Audited Results;Final Dividend;General 24-May-23 GRSE Audited Results;Final Dividend 24-May-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
GESHIP 24-May-23 Interim Dividend – Rs. – 9.0000 BGJL 31-May-23 Right Issue of Equity Shares
MANAPPURAM 24-May-23 Interim Dividend – Rs. – 0.7500 DBCORP 31-May-23 Interim Dividend – Rs. – 3.0000
NHIT 24-May-23 Income Distribution (InvIT) PGINVIT 31-May-23 Income Distribution (InvIT)
ROSSARI 24-May-23 Final Dividend – Rs. – 0.5000 SBIN 31-May-23 Dividend – Rs. – 11.3000
GENPHARMA 25-May-23 E.G.M. APTECHT 01-Jun-23 Dividend
KANSAINER 25-May-23 Final Dividend – Rs. – 2.7000 SHREECEM 01-Jun-23 Interim Dividend – Rs. – 55.0000
KENNAMET 25-May-23 Interim Dividend – Rs. – 20.0000 SIL 01-Jun-23 Interim Dividend – Rs. – 0.8000
TRENT 25-May-23 Dividend – Rs. – 2.2000 TRIDENT 01-Jun-23 Interim Dividend
BIRET 26-May-23 Income Distribution RITES ANZEN 02-Jun-23 Income Distribution (InvIT)
PGIL 26-May-23 Interim Dividend – Rs. – 5.0000 EDELWEISS 02-Jun-23 Spin Off
RADHIKAJWE 26-May-23 Stock  Split From Rs.10/- to Rs.2/- HAVELLS 02-Jun-23 Final Dividend – Rs. – 4.5000
SIMPLXMIL 26-May-23 Consolidation of Shares INFY 02-Jun-23 Final Dividend – Rs. – 17.5000
SIMPLXPAP 26-May-23 Consolidation of Shares MAHINDCIE 02-Jun-23 Final Dividend – Rs. – 2.5000
ANANDRATHI 29-May-23 Final Dividend – Rs. – 7.0000 PAGEIND 02-Jun-23 Interim Dividend
DATAINFRA 29-May-23 Income Distribution (InvIT) SYLPH 02-Jun-23 Stock  Split From Rs.10/- to Rs.1/-
IRB 29-May-23 Interim Dividend – Rs. – 0.0750 HARDWYN 05-Jun-23 Bonus issue 1:3
MMFL 29-May-23 Interim Dividend – Rs. – 6.0000 HARDWYN 05-Jun-23 Stock  Split From Rs.10/- to Rs.1/-
ITC 30-May-23 Final Dividend – Rs. – 6.7500 NELCO 06-Jun-23 Dividend – Rs. – 2.0000
ITC 30-May-23 Special Dividend – Rs. – 2.7500 SESHAPAPER 07-Jun-23 Dividend – Rs. – 6.0000
RALLIS 30-May-23 Final Dividend – Rs. – 2.5000 TATAPOWER 07-Jun-23 Final Dividend – Rs. – 2.0000
VEDL 30-May-23 Interim Dividend PONNIERODE 08-Jun-23 Final Dividend – Rs. – 6.5000
ADVANIHOTR 31-May-23 Interim Dividend – Rs. – 1.4000 RCL 08-Jun-23 Stock  Split From Rs.10/- to Rs.1/-

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